According to advanced figures for Natural Gas futures markets from CME Group, open interest went up for the third session in a row on Tuesday, now by around 5.7K contracts. On the other hand, volume shrunk by nearly 11K contracts following two builds in a row. Natural Gas Prices: Scope for further losses Natural Gas prices dropped further and recorded new monthly lows just below the $1,67 level during early trade on Wednesday. Increasing open interest amidst lower prices paves the way for extra losses in the very near-term. On the broader scenario, if the selling pressure gathers pace, YTD lows in the sub-$1.60 region could emerge as the next relevant contention, while any serious recovery is expected to meet interim hurdle at the 100-day SMA at $1.845 and the 55-day SMA at $1.876, all ahead of monthly tops in the $1.90 neighbourhood. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: Battle lines well-mapped as XAU bulls await fresh impetus – Confluence Detector FX Street 2 years According to advanced figures for Natural Gas futures markets from CME Group, open interest went up for the third session in a row on Tuesday, now by around 5.7K contracts. On the other hand, volume shrunk by nearly 11K contracts following two builds in a row. Natural Gas Prices: Scope for further losses Natural Gas prices dropped further and recorded new monthly lows just below the $1,67 level during early trade on Wednesday. Increasing open interest amidst lower prices paves the way for extra losses in the very near-term. On the broader scenario, if the selling pressure gathers pace, YTD… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
